📉 $FORM /USDT – Technical consolidation awaiting resolution!!!!
The price is moving within a narrow range between 3.7950 and 3.8500 without any clear breakout, reflecting market hesitation and reduced volatility. This pattern indicates a preparatory phase for an upcoming decisive movement.
🔍 Important levels:
• Support: 3.7961 – 3.7156
• Resistance: 3.8476 – 3.8572
• Consolidation range: 3.7950 – 3.8500
📌 Market outlook:
The price is accumulating or distributing – no entry before a clear breakout with a strong candle close. Breaking the range means the beginning of a potential new trend.
✍️ Advice: Be patient. Wait for strong trading volume with confirmation of a breakout before moving.
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